Pelosi's new mission: Block Obama deals with GOP

[Magox]

The NYT recently ran an article that broke down all the things the government could purchase with the $700B. It was like a Sally Struthers commercial. "For just $700 billion, you could feed 3 starving children."

 

Like you said, "there you have it."

Yeah, I read that "really" good article from the Times that PBills posted.

 

I am an incentive based person, I believe in them, I know that they work. When you provide incentives for people to work less and receive more, guess what happens? A higher percentage of people will work less.

 

When you punish capital creation, guess what happens? Capital flows elsewhere

 

It is such a simple concept that it amazes me that this sort of thinking is widely accepted by anyone with at least half a brain; But after thinking a little more about it, it doesn't surprise me, it is a strategy of politics. Support people with free money policies and you win votes. How do you achieve this? Through class warfare and a form of social oppression.

 

It is simple matter of dependency, continue policies of government assistance and you will win over a bloc of the electorate. Not only do you win over the people who receives these benefits, but you also win over the "compassionate" voters, the one's who think with their hearts as opposed with their brains. But in reality, you aren't doing any good by continuing these oppressive policies. Look at Venezuela, Chavez gives and gives and gives to the "poor", has taken everything away from the producers and has continously used class warfare to justify his means, yet the standard of living in Venezuela is lower than it ever has been. Look at North Korea, another economy that the population relies heavily on government hand outs and look at them. Look at the Southern European economies of Greece, Portugal and Spain, these countries just a decade ago was believed to be the social welfare dream, Look at them today, look at the rates of unemployment they have.

 

Of course the degrees of oppression vary, starting with North Korea being the most extreme, with Venezuela closely following to Greece and Portugal a litte less extreme. Yet the levels of economic crisis falls upon all them. The levels of crisis follow suit to the levels of social oppressive policies.

 

The facts are here folks, there is no logical way in denying this.

 

 

We wonder why we are continuing to falter? I have never in my life time seen so much demonization of the private markets than what I have seen over the past couple years. And liberals scratch their heads and wonder why the unemployment rate isn't coming down. Don't get me wrong, there are major structural problems that the labor markets face for many years to come, but the unemployment rate should of already have been coming down by now.

 

There are so many policies that this administration and the looney left have wanted and have imposed on the economy, that it is extremely clear why we are struggling to get out of this hole.

 

We need to unleash the animal spirits of the market, if we can do this, then the unemployment rate can drop down to below 8% within a couple years. Nonsensical regulation restricts this from happening, mandates on consumers and businesses restricts this from happening, taxing capital restricts this from happening, demonizing businesses restricts this from happening.

 

I am hoping that with this payroll tax holiday, cut on dividend taxes and continuation of tax policies will help achieve this over the next year. It does frighten me that this agreement from the GOP and the president will add $900 BILLION over the next two years, and it is somewhat ironic that this huge debate is occuring during the same time of the Debt debate, but it I do believe that we need more growth. We can cut all we want to, but if there is no growth, then it doesn't matter.

 

So I support policies that promote Self Sustaining growth, but only if it is coupled with a Medium to long-term debt reduction plan.

 

And no, demand side economics, don't promote self sustaining growth. It begins with the businesses, they have $2 Trillion in cash, so the money is there. The key to this recovery is giving those guys more confidence to hire.

 

As always no socialism except for banks and large corporations, no morale hazard except for the CEOs of banks and large corporations, no economic distortion except for.... yes you guessed it banks and large corporations.

You are absolutely correct here, except the blame is misguided. The blame should be for all those who supported TARP. This is the moral hazard argument I have brought up time after time. If there was no TARP, there wouldn't be this "socialism" for the banks, AIG and GM. So if you truly want to punish the people responsible for this lybob, then you will not vote for those who supported TARP.

Edited December 7, 2010 by Magox

[....lybob]

Yeah, I read that "really" good article from the Times that PBills posted.

 

I am an incentive based person, I believe in them, I know that they work. When you provide incentives for people to work less and receive more, guess what happens? A higher percentage of people will work less.

 

When you punish capital creation, guess what happens? Capital flows elsewhere

 

It is such a simple concept that it amazes me that this sort of thinking is widely accepted by anyone with at least half a brain; But after thinking a little more about it, it doesn't surprise me, it is a strategy of politics. Support people with free money policies and you win votes. How do you achieve this? Through class warfare and a form of social oppression.

 

It is simple matter of dependency, continue policies of government assistance and you will win over a bloc of the electorate. Not only do you win over the people who receives these benefits, but you also win over the "compassionate" voters, the one's who think with their hearts as opposed with their brains. But in reality, you aren't doing any good by continuing these oppressive policies. Look at Venezuela, Chavez gives and gives and gives to the "poor", has taken everything away from the producers and has continously used class warfare to justify his means, yet the standard of living in Venezuela is lower than it ever has been. Look at North Korea, another economy that the population relies heavily on government hand outs and look at them. Look at the Southern European economies of Greece, Portugal and Spain, these countries just a decade ago was believed to be the social welfare dream, Look at them today, look at the rates of unemployment they have.

 

Of course the degrees of oppression vary, starting with North Korea being the most extreme, with Venezuela closely following to Greece and Portugal a litte less extreme. Yet the levels of economic crisis falls upon all them. The levels of crisis follow suit to the levels of social oppressive policies.

 

The facts are here folks, there is no logical way in denying this.

 

 

We wonder why we are continuing to falter? I have never in my life time seen so much demonization of the private markets than what I have seen over the past couple years. And liberals scratch their heads and wonder why the unemployment rate isn't coming down. Don't get me wrong, there are major structural problems that the labor markets face for many years to come, but the unemployment rate should of already have been coming down by now.

 

There are so many policies that this administration and the looney left have wanted and have imposed on the economy, that it is extremely clear why we are struggling to get out of this hole.

 

We need to unleash the animal spirits of the market, if we can do this, then the unemployment rate can drop down to below 8% within a couple years. Nonsensical regulation restricts this from happening, mandates on consumers and businesses restricts this from happening, taxing capital restricts this from happening, demonizing businesses restricts this from happening.

 

I am hoping that with this payroll tax holiday, cut on dividend taxes and continuation of tax policies will help achieve this over the next year. It does frighten me that this agreement from the GOP and the president will add $900 BILLION over the next two years, and it is somewhat ironic that this huge debate is occuring during the same time of the Debt debate, but it I do believe that we need more growth. We can cut all we want to, but if there is no growth, then it doesn't matter.

 

So I support policies that promote Self Sustaining growth, but only if it is coupled with a Medium to long-term debt reduction plan.

 

And no, demand side economics, don't promote self sustaining growth. It begins with the businesses, they have $2 Trillion in cash, so the money is there. The key to this recovery is giving those guys more confidence to hire.

 

 

You are absolutely correct here, except the blame is misguided. The blame should be for all those who supported TARP. This is the moral hazard argument I have brought up time after time. If there was no TARP, there wouldn't be this "socialism" for the banks, AIG and GM. So if you truly want to punish the people responsible for this lybob, then you will not vote for those who supported TARP.

Most economies are mixed economies and if you look all the way and all the way down a GDP per capital chart you will see a mix of both right leaning and left leaning economies from top to bottom. Education and literacy rates have a much higher correlation with standard of living.

[Magox]

Most economies are mixed economies and if you look all the way and all the way down a GDP per capital chart you will see a mix of both right leaning and left leaning economies from top to bottom. Education and literacy rates have a much higher correlation with standard of living.

 

 

Here are the top countries that have the highest literacy rates.

 

2009 UN report

 

Georgia 100.0

Cuba 99.8

Estonia 99.8

Latvia 99.8

Barbados 99.8

 

You want to guess how many of them are in the top 30 or 40 of them in the Standard of living index compiled by the UN?

 

The facts don't match up with your statement.

 

Education and literacy rates have a much higher correlation with standard of living.

Think about it, the top five countries with the highest literacy are not in the top 40 in terms of standard of living. So your point, actually isn't true, if you consider facts.

 

Don't get me wrong, education is extremely important, but there are other factors that are important as well. Such as economic and social policy.